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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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Singapore and Japan Strengthen Energy Ties with New Climate Cooperation Pact

Singapore  and  Japan  have  deepened  bilateral  cooperation  in  clean  energy  and  climate  initiatives  after  signing  a  new  Energy,  Sustainability,  and  Climate  Change  Cooperation  Framework ,  signaling  stronger  collaboration  in  the  transition  toward  a  low- carbon  energy  future . The  agreement,  signed  on  15  March ,  brings  together  Singapore’s  Ministry  of  Trade  and  Industry ( MTI)   and  Japan’s  Ministry  of  Economy,  Trade  and  Industry ( METI)   to  accelerate  cooperation  across  several  emerging  energy  technologies. Focus  on  Low- Carbon  Energy  Technologies The  framework  targets  key  se...
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Wells Fargo Exits Net-Zero Banking Alliance Amid GOP Pressure

Wells Fargo & Co. announced its departure from the  Net-Zero Banking Alliance (NZBA) , signaling growing divergence among Wall Street banks on climate commitments. The move follows  Goldman Sachs' exit earlier this month , as financial institutions face increasing scrutiny from  Republican lawmakers . Key Details No Explanation Given: Wells Fargo, headquartered in San Francisco, did not elaborate on its decision to leave the  NZBA , the world’s largest climate alliance for banks. Political Pressure: Financial firms, including Wells Fargo, are under scrutiny from  GOP-led investigations and lawsuits , alleging collusion and anti-competitive behavior in climate-related initiatives. "Climate Cartel" Allegations: The  House Judiciary Committee , chaired by Ohio Republican  Jim Jordan , accused environmental alliances like NZBA of forming a "climate cartel." Industry Trends: Other institutions, such as  BlackRock, Vanguard, and State Street , have ...
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